IDAHO FALLS, IDAHO, July 30, 2013 – DocuTech Corp. has named Frank Colson product manager for the provider of compliance and documentation technology.
Colson is responsible for driving software development lifecycle requirements from ideas to development to market….
Due to state provisions which prohibit persons from requiring borrowers to obtain insurance through particularly agents (so-called “anti-coercion” provisions), we have been providing various multi-state anti-coercion disclosure documents, in which the borrowers are generally informed that they may obtain their insurance products through an agency of their choice,…
Software Providers Partner to Streamline Compliant Document Preparation
COSTA MESA, Calif., and Idaho Falls, Idaho – July 23, 2013 – LendingQB, a provider of end-to-end loan origination software (LOS), and DocuTech, a leading provider of enterprise-class compliant document preparation software,…
Cx4303 is provided in connection with home equity line of credit loans (HELOCs) due to the following requirement:
“Prior to any licensee [under the Minnesota Regulated Loan Act] taking a lien upon the borrower’s homestead, as defined in chapter 510,…
Iowa Code Ann. § 537.3208 requires, in connection with a consumer credit transaction, that a cosigner receive a prescribed notice concerning the cosigner’s liability in connection with such a transaction, before the cosigner becomes obligated under the transaction agreement.
A “consumer credit transaction” is a broad term encompassing consumer credit sales,…
The Federal National Mortgage Association (FNMA) publishes uniform notes, security instruments, and other legal documents for use by lenders in order to sell their loans to FNMA. Among these documents is a uniform “Texas Home Equity Note Fixed-Rate – First Lien” promissory note (FNMA Form 3244.1)….
On June 26, 2013 the United States Supreme Court, in United State v. Windsor, 2013 WL 3196928 (2013), upheld the ruling handed down by the United States 2nd Circuit Court of Appeals, which struck down Section 3 of the Defense of Marriage Act (110 Stat….
In addition to the edits being made to Cx3148, which were previously announced (see http://www.docutechcorp.com/document-changes-va-3200-note-fixed-cx58-and-3501-1-yr-treasury-modified-for-va-arm-cx3148), we will also be changing the text of Section 11 of the document.
Our VA promissory notes and security instruments largely follow the FNMA uniform notes and instruments,…
The Maine Bureau of Financial Institutions and the Bureau of Consumer Credit Protection have issued duplicate regulations concerning “alternative mortgage transactions,” which are basically loans subject to Article IX of the Maine Consumer Credit Code (Me. Rev. Stat. Ann. tit….
Wis. Stat. Ann. § 138.052 sets forth escrow account requirements for primary lien mortgages secured by a 1-to-4 family dwelling, which is used by the borrower as his or her residence.
Subsection (5m) of such section in particular describes the methods by which a borrower can request and authorize an escrow agent (i.e….
